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Strategies & Market Trends : Asia Forum

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To: Zeev Hed who wrote (6741)	9/26/1998 10:29:00 AM
From: Stitch	Read Replies (2) of 9980

Zeev, <<Essentially all pundits (24 out of 25 according to NBR) expect a reduction in the FED rates this Tuesday. I wonder if they will be proven wrong.>> And if so what then the market? Actually I am concerned that it is still too early for the fed to lower rates. I would like to see that bullet kept in reserve for now. I am also concerned that a lowering of rates will not do much to bolster foreign markets for the long term. I do not see even a half a point relaxation causing investors to take money back to Japan for example. And I do not think that U.S. consumers need more credit...its at all time highs anyway. The latest consumer activity suggest demand is still quite healthy though there suspected skew from pent up auto demand that was accumulating during the GM strike. What am I missing. Wouldn't a lowering of rates simply exert more air into the bubble? For what aim? Sorry...I guess I am hitting you with two questions. What would the result on the market be if the fed holds? What is a relaxing of rates going to do to help the world's economic morass on a longer term basis? Best, Stitch

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